1 for specific request mail
ECON B-252 w/ Prof. Barnette Exam 1 Review
Questions and Correct Answers | Latest Update
A worker who decides to quit their job and go to law school full time is
considered to be
employed.
not in the labor force.
a discouraged worker.
Assignment Expert
unemployed.
Ans: not in the labor force
Guru01 - Stuvia
Which of the following individuals will not be a part of the U.S. labor
force?
2026
A college graduate seeking a job after graduation.
A person who can work only part time.
©
An unemployed computer worker who has given up looking for a job.
A person who is not working because of labor dispute.
Ans: An unemployed computer worker who has given up looking for a
job
Employment: 149,781
Unemployment: 15,407
Adult Population: 247,263
Based on the information above, calculate the size of the labor force.
Ans: 165,188
, 2 for specific request mail
Suppose there are 2,321 people in the labor force. 300 workers are
employed full time but were unemployed last month. Additionally, 84
workers had jobs last month but were laid off and have not found work
yet. 91 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 98 people are not
working due to an overall decline in the economy and 58 workers are not
working during this season. 80 workers quit their job and have not found
a new one yet. Finally, 405 workers are working part time but would like
full time work.
Based on this information, calculate the current unemployment rate.
Assignment Expert
Hint: All unemployed workers are looking for work. There are no
discouraged workers in this example. Answer this as a percentage and
Guru01 - Stuvia
round your answer to two digits after the decimal without the percentage
sign. ex. If you found the rate to be 5.125%, answer 5.13.
Ans: 17.71
2026
Employment: 197,591
Unemployment: 15,669
©
Adult Population: 297,109
Based on the information above, calculate the unemployment rate.
Answer this as a percentage and round your answer to two digits after
the decimal without the percentage sign. ex. If you found the rate to be
5.125%, answer 5.13.
Ans: 7.35
What type of unemployment would occur from a worker recently moving
to a new city and looking for work?
frictional unemployment
cyclical unemployment
, 3 for specific request mail
structural unemployment
seasonal unemployment
Ans: frictional unemployment
What type of unemployment would occur from a cashier replaced by a
robot?
seasonal unemployment
frictional unemployment
Assignment Expert
structural unemployment
cyclical unemployment
Guru01 - Stuvia
Ans: structural unemployment
What type of unemployment would occur from a recent graduate not
2026
accepting offers from various investment banks because she wants to
work for the right company?
©
seasonal unemployment
cyclical unemployment
frictional unemployment
structural unemployment
Ans: frictional unemployment
A welder loses his job when the factory is replaced with a hospital
looking for specially trained nurses.
seasonal unemployment
cyclical unemployment
frictional unemployment
ECON B-252 w/ Prof. Barnette Exam 1 Review
Questions and Correct Answers | Latest Update
A worker who decides to quit their job and go to law school full time is
considered to be
employed.
not in the labor force.
a discouraged worker.
Assignment Expert
unemployed.
Ans: not in the labor force
Guru01 - Stuvia
Which of the following individuals will not be a part of the U.S. labor
force?
2026
A college graduate seeking a job after graduation.
A person who can work only part time.
©
An unemployed computer worker who has given up looking for a job.
A person who is not working because of labor dispute.
Ans: An unemployed computer worker who has given up looking for a
job
Employment: 149,781
Unemployment: 15,407
Adult Population: 247,263
Based on the information above, calculate the size of the labor force.
Ans: 165,188
, 2 for specific request mail
Suppose there are 2,321 people in the labor force. 300 workers are
employed full time but were unemployed last month. Additionally, 84
workers had jobs last month but were laid off and have not found work
yet. 91 workers lack skills that employers desire and have not been
working for months; they are looking for jobs, though. 98 people are not
working due to an overall decline in the economy and 58 workers are not
working during this season. 80 workers quit their job and have not found
a new one yet. Finally, 405 workers are working part time but would like
full time work.
Based on this information, calculate the current unemployment rate.
Assignment Expert
Hint: All unemployed workers are looking for work. There are no
discouraged workers in this example. Answer this as a percentage and
Guru01 - Stuvia
round your answer to two digits after the decimal without the percentage
sign. ex. If you found the rate to be 5.125%, answer 5.13.
Ans: 17.71
2026
Employment: 197,591
Unemployment: 15,669
©
Adult Population: 297,109
Based on the information above, calculate the unemployment rate.
Answer this as a percentage and round your answer to two digits after
the decimal without the percentage sign. ex. If you found the rate to be
5.125%, answer 5.13.
Ans: 7.35
What type of unemployment would occur from a worker recently moving
to a new city and looking for work?
frictional unemployment
cyclical unemployment
, 3 for specific request mail
structural unemployment
seasonal unemployment
Ans: frictional unemployment
What type of unemployment would occur from a cashier replaced by a
robot?
seasonal unemployment
frictional unemployment
Assignment Expert
structural unemployment
cyclical unemployment
Guru01 - Stuvia
Ans: structural unemployment
What type of unemployment would occur from a recent graduate not
2026
accepting offers from various investment banks because she wants to
work for the right company?
©
seasonal unemployment
cyclical unemployment
frictional unemployment
structural unemployment
Ans: frictional unemployment
A welder loses his job when the factory is replaced with a hospital
looking for specially trained nurses.
seasonal unemployment
cyclical unemployment
frictional unemployment
